Zillow Predicts Modest Rise in Los Angeles Real Estate Prices for 2013

Home prices in the Los Angeles area are set to rise moderately over the next year, real estate website Zillow.com predicts.

A report released by the website Tuesday found that home prices have risen 2.7% over the last year in the Los Angeles metro area — which consists of Los Angeles and Orange counties — to hit $397,000 by the end of the third quarter.

The website called a bottom for the Los Angeles area in the first quarter of 2012 and expects home prices to increase 3.5% throughout the region over the next year, according to its report.

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Authored By Alejandro Lazo – See the Full Story at The Los Angeles Times

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